Land prices holding steady nationwide
Published 11/05/2016 | 02:30
The auction season is in full swing and lots of action is reported throughout the provinces in recent weeks. Prices are holding steady with few spectacular results. At auction land in Wexford made between €6,000/ac and €10,000/ac, with ground in Co Clare commanding a strong €12,000/ac, while a 20ac piece in Dublin made €14,000/ac.
In Munster the Clare farmers are mirroring their hurlers and performing well. In Scarriff a 13ac parcel of land sold at auction recently making €158,000 surpassing its pre-auction guide by €8,000 and netting over €12,000/ac.
Located about 500m from the town of Scarriff at Fossabeg the roadside holding is described as fine grazing land. Laid out in two fields it has extensive frontage on to Fossabeg road and is described by auctioneer Seamus Bane as good clean pasture ground. The smaller field is a south-facing hill while the larger field faces generally northeast.
At auction proceedings opened at €80,000 and with three bidders in contention the price on offer reached €130,000. Following consultation with the owner the place was put on the market at that point and bidding continued until the hammer fell after 22 bids and a local farmer bought the holding for €158,000.
According to Mr Bane everyone was happy with the result. "It was a good auction for a good piece of land and it realised somewhat more than we had expected," he said.
In neighbouring Co Limerick a 73ac residential farm at Ardpatrick sold under the hammer of Richard Ryan of GVM KiImallock for €700,000 or almost €9,600/ac.
Located 3km from the village of Ardpatrick in southeast Limerick the farm includes a neat, traditional, single storey farmhouse in excellent condition. The accommodation comprises three bedrooms, two reception rooms, a kitchen and a wet room/bathroom.